The cryptocurrency market, which was already on the rise, became even more hectic this week, sparking familiar bull market behaviors and indicators on Crypto Twitter. The excitement reached a peak in the first few days of the week as Bitcoin started rapidly gaining value at a rate not witnessed in a long time. In a matter of days, the leading cryptocurrency quickly increased in value from slightly above $50,000 to nearly $64,000 (although it later stabilized around $61,885). On Monday and Wednesday, the token experienced rapid and significant price increases within minutes, surprising observers. As BTC neared $64,000 on Wednesday, which was just $5,000 below its highest value in November 2021, there was a frenzy of excitement on Crypto Twitter. With several weeks still to go until the highly anticipated Bitcoin halving in April, which many believe will cause BTC to increase even more in value, the short-term possibilities for the token appeared to be incredibly exciting. Many long-time crypto bear market experts noted that the industry was already undergoing noticeable changes in just a few days. Some people noticed that their friends who are not involved in cryptocurrencies had begun to pay attention to the growing market. More people observed further signs that the general public was starting to reassess cryptocurrencies, a clear indicator of an approaching surge in market prices. One example of the growing mainstream interest in Bitcoin was the discovery that over 4% of all Bitcoin in circulation is now held in spot Bitcoin ETFs, and this percentage is increasing. Another indication of the fervent bull market was seen when Coinbase experienced a crash for numerous users while Bitcoin was rapidly rising in value. Many Coinbase customers experienced a temporary issue where their account balances showed as zero due to a technical glitch. CEO Brian Armstrong attributed the problem to a surge in app traffic caused by a sharp increase in Bitcoin prices. Despite the disruption, cryptocurrency users saw it as a positive sign that the market was thriving again. Editor Ryan Ozawa contributed to the article. Subscribe to receive daily updates on crypto news in your email.